However, experts remain cautious, noting concerns about the sustainability of the country's monetary policies. While the introduction of a new currency has brought stability, analysts warn that pegging the exchange rate could lead to complications in managing the money supply and interest rates....
“You would have noticed that from January 2024, the central bank has allowed the exchange rate to be determined by market forces. And we have been watching because that is what you (businesses) have asked for in the past, and we say there you have it, the rate is floating,” he said...
In July last year, gold coins were introduced as part of several policy measures to ease demand for the greenback, stabilise the Zimbabwe dollar exchange rate and tame resurgent inflation. But the gold coins have done little to save the local currency that is trading at $1 to $2 100 on t...
Yearly inflation rates have since fallen from a high of 837 % to the current 194 % as at April 30, 2021 amid the slowdown of the Zimbabwe dollar depreciation on both the parallel and official exchange rate markets. Several listed companies and banks have since acknowledged the platform’s imp...
On the black market, the Zimbabwe dollar has weakened from around 130 to the U.S. dollar in April to 170 currently for electronic transactions. Over that time the official rate has gone from about 84 to 87 to the U.S. currency.
“Low and stable inflation, exchange rate stability, sustained fiscal reforms and reduced debt overhang are characteristics of countries that have attracted significant FDI inflows and greater macroeconomic stability,’’ he said. Mlambo said on a good note, inflation had significantly fallen from a pe...